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Tax Credits

Qualified Sales of Mobile Home Park Credit
- 32 V.S.A. § 5828

Purpose: Encourage sale of mobile home parks to leaseholders in the park.

Credit Amount: 7% of gain on sale of mobile home park that is subject to Federal income tax for the taxable year.

Credit Limitation: Cannot exceed Vermont tax liability. Sale must be to a group composed of a majority of the mobile home park leaseholders or a nonprofit organization representing such group.

For More Information:
Vermont Department of Housing & Community Affairs
National Life Building, Drawer 20
Montpelier, Vermont 05620
Tel: 802-828-5216

 

Other Tax Credits:
- Affordable Housing
- Charitable Housing
- Commercial Film Production
- Income Tax Paid to Another
  State or Canadian Province

- Low Income Child &
  Dependent Care

- Qualified Sale of Mobile
  Home Park

- Vermont Earned Income
  Credit

- Vermont Employment
  Growth Incentive (VEGI)

- Vermont Higher Education
  Investment

- Vermont Seed Capital Fund

 
Vermont Department of Taxes, 133 State Street, Montpelier, Vermont 05633-1401